While the Democrat news media pretends that there’s only an enduring argument between Barry and the Elephants in Congress over whether to impose new job-killing taxes on “the rich,” new stealth taxes on the middle class from Obamacare are already poised to take effect in January.
According to an analysis by my insurer/mortgage lender USAA, taxpayers filing individually with wages and self-employment income above $200,000 ($250,000 for married couples filing jointly, never mind how many children for either category) will pay a new 3.8 percent surtax on the lower of:
their net investment income or their modified adjusted gross income above the aforementioned thresholds. And there’s still more to come in terms of employer health-benefit accounts and others more complicated and challenging to understand. Naturally.
These $200K to $250K folks used to be considered upper-middle income. Obviously, in Barry’s cosmology, they have become the new “rich.”
THE TEXAS SCRIBBLER 